2.

The amounts which, unless Parliament otherwise determines, will be treated by virtue of section 8 of the Inheritance Tax Act 1984 as specified in the Table in Schedule 1 to that Act2 in relation to chargeable transfers on or after 6th April 1999 are as follows—
TABLE OF RATES OF TAX

Portion of value

Rate of tax

Lower Limit

Upper Limit

Per cent.

£

£

0

231,000

NIL

231,000

—

40